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Global legal Chronicle: Matador Resources’ Acquisition of Summit Midstream’s Lane Gathering and Processing System

June 18, 2022

Summit Midstream Partners, LP announced that its fully owned subsidiary Summit Midstream Holdings, LLC has agreed to sell Summit Midstream Permian, LLC to a subsidiary of Matador Resources Company for US$75 million. As part of the deal, Matador will assume Summit Midstream Marketing, LLC’s take-or-pay firm capacity on the Double E Pipeline. O’Melveny & Myers LLP serves as legal advisor to Matador.

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